Norway's sovereign wealth fund suggests stock exchange operators should abandon the race for faster data systems and instead focus on innovating for a changing investor landscape.
Norges Bank Investment Management (NBIM), which holds over $500 billion in global equities, called for a more fundamental revamp of trading on exchanges in a recent white paper.
Norway's stock exchanges’ “race to zero” ignores important issues
NBIM, one of the world’s largest equity managers, in its white paper titled: “Role of exchanges in well-functioning markets” argues that stock exchanges are growing increasingly unsuited to modern trading because of the growth of institutional investment.
The Oslo-based fund said while healthy competition had been...
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